HR landscape has undergone a tremendous transformation in the recent years. Businesses across industries have realized that strategic people-management initiatives are the key to remain competitive in the global marketplace. This realization has transformed the role of HR department from a mere recruiting group to a strategic business partner.
Big data analytics is the big trend in HR landscape that brings simplicity, innovation and more customer orientation while assisting businesses to analyze companies’ business performance. Organizations today are investing a vast amount of money in adopting innovative and disruptive technologies like artificial intelligence (AI), automation, big data analytics, and robotics that facilitate the implementation of advanced strategies that increase business value. HR executives often find it hard to aggregate clean, consistent and integrated data. But data analytics and industry consolidation will help companies overcome these challenges
With the recent technology evolution in the HR arena, there has been a drastic increase in the number of organizations using data to obtain deep insights that help in the decision-making process. By leveraging data-, HR professionals are able to foresee the consequence of a particular action before executing it. As analytic capabilities gradually get embedded into software, the vision of a data-driven HR function is finally becoming true.